How much gift tax for EB-5 capital?

I have a gift amount of $580,000 from my uncle, and I need to use this gift to apply for the EB-5 visa. What are the taxes for this gift, from me and from the uncle who gifted these funds? My lawyer required my uncle to file form 907 for gift tax, and if I owe taxes for this gift, how much will it be?

This is a tax question, so most immigration attorneys are not qualified to advise you on such matters. It does seem, however, that the answer to your question would depend upon the jurisdiction where the gift took place. In the United States, for example, it is the donor (giver) who may be subject to gift taxes, not the donee (recipient). You should check with a qualified tax advisor in the jurisdiction (United States or your home country), where the gift has (or will) take place.

The gift tax issue depends on your country''s tax code. You do not pay U.S. taxes on the gift unless your uncle is a U.S. citizen.

Add your comment

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment.